ExxonMobil supports a revenue neutral carbon tax

For several years ExxonMobil, the world's largest publicly traded international oil and gas company, has supported a revenue-neutral carbon tax. It believes that "market-based efforts to reduce greenhouse gas emissions – like a revenue-neutral carbon tax – are more economically efficient policy options than regulations, mandates, or standards."

According InsideClimate News, Exxon top executives were warned of possible global catastrophe from greenhouse effect from their own internal company scientist, James F. Black, in July 1977. Unfortunately, Exxon then led efforts to block solutions for decades afterwards.

2016 is now a good time for ExxonMobil to attone of its efforts to "amplify doubt about the state of climate science" since 1977.

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"We believe that the risks of climate change warrant action...ExxonMobil believes a revenue-neutral carbon tax would be a more effective policy option than cap-and-trade schemes, regulations, mandates, or standards. A properly designed carbon tax can be predictable, transparent, and comparatively simple to understand and implement." – ExxonMobil's official statement, Engaging on climate change.